
Joy Taylor
Joy spends most of her time writing and editing federal tax and retirement content for The Kiplinger Tax Letter, which is published biweekly. She also contributes tax and retirement content to kiplinger.com and Kiplinger’s Retirement Report. Some of her Kiplinger articles have been picked up by the Washington Post and other mainstream media outlets. Joy has also appeared in newspapers, television and on radio as an expert to discuss federal tax developments.
Joy is an experienced tax attorney and CPA with in-depth knowledge of federal tax law. After graduating from the University of Houston with an accounting degree and getting her CPA, she started out as a revenue agent for the Internal Revenue Service. While at the IRS, she audited tax returns of individuals, pass-through entities and corporations. She then earned a J.D. at the University of Houston Law School and an LL.M. in Taxation at New York University School of Law. She worked as a tax consultant for two of the largest accounting firms, Ernst & Young and KPMG, advising business clients on all aspects of the federal tax code. Joy also spent 15 years as a tax lawyer in Washington, D.C., for two multinational law firms. She has written tax content for Tax Notes, the Journal of Tax Practice and Procedure and USC’s Tax Institute, among other publications.
After all her years working for big law firms and accounting firms, Joy saw the light and now puts all her education and federal tax experience to use writing for Kiplinger. Outside of work, she is an avid sports fan, movie buff and dog lover.
Latest articles by Joy Taylor
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Ten IRS Audit Red Flags for Self-Employed IndividualsIRS Audits Taxpayers who file Schedule C with their Form 1040 have a greater chance of an IRS audit.
By Joy Taylor
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Popular Tax Breaks Are in DangerThe Tax Letter A number of tax breaks, including the home mortgage interest deduction, are in peril as lawmakers hunt for revenues to pay for the President's tax plan.
By Joy Taylor
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Six Hurdles for Trump's Tax BillThe Tax Letter While the odds for a new tax bill in 2025 are quite good, there are some sticking points that President Trump and Congress will have to work through.
By Joy Taylor
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What to Know About the Five-Year Rules for Roth IRAs: The Kiplinger Tax LetterKiplinger Tax Letter It’s vital to know when the five-year clock starts for tax-free and penalty-free earnings.
By Joy Taylor
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The IRS is Pursuing Partnerships and Their OwnersThe Tax Letter The IRS has many enforcement priorities, and partnership tax noncompliance is near the top of that list.
By Joy Taylor
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Tax Changes and Key IRS Amounts for 2025There are lots of tax changes for the 2025 tax year. Some reflect prior-year inflation. Others are new rules. But one thing is certain... all taxpayers are affected.
By Joy Taylor
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How Tax Laws and IRS Can Help If You're a Victim of Helene, Milton or Other Federally Declared DisastersKiplinger Tax Letter Did you know that, in addition to the tax filing and payment extensions, individuals can deduct some losses attributable to federally declared disasters?
By Joy Taylor
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Universal Savings Accounts Are Like Roth IRAs, But With a TwistThe Tax Letter Republican lawmakers and conservative think tanks are proposing a new type of tax-advantaged savings account. Think Roth IRAs, but not just for retirement.
By Joy Taylor
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Could the AMT (Alternative Minimum Tax) Be Back Again?Tax Letter Millions of taxpayers could owe the AMT if Congress allows the tax breaks de-fanged in the 2017 Tax Cuts and Jobs Act to expire.
By Joy Taylor
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Tax Changes are on Trump's 2025 To-Do ListThe Tax Letter Donald Trump campaigned on lower taxes and, as president, he will push Congress to pass big tax changes next year
By Joy Taylor
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What are Trump's Positions on Capital Gains Taxes?The Tax Letter Harris and Trump have different views on taxing capital gains. See what Trump said he would do if elected to the White House.
By Joy Taylor
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What Would Donald Trump's Tax Plans Mean For You?The Tax Letter We take a look at Donald Trump's tax plans and what they could mean for you. Here's what you need to know.
By Joy Taylor
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Harris vs. Trump's Tax Wish List: Income Tax, Capital Gains, Estate Tax and MoreThe Tax Letter Take a comprehensive look at Harris and Trump's tax proposals. We cover income tax rates, tax credits and deductions, capital gains tax, estate tax, corporate tax and much more
By Joy Taylor
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What Would Kamala Harris's Tax Plans Mean For You?The Tax Letter Under Harris's tax proposals, upper-income individuals would pay more taxes, while the middle class and lower-income people would pay less.
By Joy Taylor
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Changes to Estate Tax Are Coming... Six Options Congress Could TakeThe Tax Letter An important estate tax change is looming. Here are six ways that Congress might address estate taxes in 2025.
By Joy Taylor
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Understand These Hobby Loss Rules to Reduce IRS Audit RisksThe Tax Letter The IRS will scrutinize tax returns reporting large losses from any activity that sounds like a hobby. Here is what you need to know.
By Joy Taylor
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Landlord With Rental Income? Do You Qualify for a Tax BreakThe Tax Letter Many landlords are eligible to take the 20% tax deduction for qualified business income
By Joy Taylor
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Five Ways to Fund Medicare Part AThe Tax Letter Higher taxes can help stave off the projected 2036 insolvency of Medicare's Hospital Insurance trust fund.
By Joy Taylor
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QCDs Are a Tax-Smart Way for Retirees To Donate to CharityThe Tax Letter With QCDs, retirees can save on taxes by making donations from their IRAs directly to charity. Here's what you need to know about qualified charitable distributions.
By Joy Taylor
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The IRS is Ramping up Tax AuditsThe Tax Letter Wealthy individuals, large corporations and partnerships are all audit targets, thanks in large part to the IRS's multi-billion dollar windfall.
By Joy Taylor
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Biden's Plans to Impose an Income Tax on DeathThe Tax Letter The president has proposed a new taxing regime that would make death an income tax realization event for wealthy decedents.
By Joy Taylor
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Key Tax Provisions That Are Expiring After 2025The Tax Letter Unless Congress decides to act, lots of tax changes will take effect in 2026, including higher tax rates and lower standard deductions.
By Joy Taylor
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Knowing How to Compute Tax Basis in Your Home Can Save You MoneyThe Tax Letter Whether you're selling or buying a home, you'll want to know how to compute tax basis. It could save you on taxes when you sell.
By Joy Taylor
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Tax Tips for Transferring Excess 529 Plan Funds to Roth IRAs: The Tax LetterThe Tax Letter 529 plans can help blunt the cost of paying for college. But if you want to use leftover funds there are some tax tips to bear in mind.
By Joy Taylor
The Tax Letter
